HB Wealth Management LLC Has $1.48 Million Stock Position in Cheniere Energy, Inc. $LNG

HB Wealth Management LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 71.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,223 shares of the energy company’s stock after buying an additional 2,183 shares during the quarter. HB Wealth Management LLC’s holdings in Cheniere Energy were worth $1,482,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $335,000. Bank of Nova Scotia increased its holdings in Cheniere Energy by 13.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after purchasing an additional 1,035 shares in the last quarter. Sei Investments Co. raised its position in Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after purchasing an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Cheniere Energy by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Cheniere Energy by 87.0% during the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. Citigroup lifted their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, May 11th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research report on Wednesday, May 13th. Finally, Morgan Stanley lowered their target price on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $254.90 on Wednesday. The business has a 50-day moving average price of $241.98 and a two-hundred day moving average price of $235.88. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company has a market cap of $53.41 billion, a P/E ratio of 41.92 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is presently 36.51%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.